Nomura Securities Maintains a 'Neutral' on Tyco (TYC); Updating Quarterly Estimates

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November 15, 2011 10:24 AM EST
Get Alerts TYC Hot Sheet
Price: $45.59 --0%

Rating Summary:
    9 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Tyco International (NYSE: TYC) price target of $44.00.

Nomura analyst, Shannon O’Callaghan, said, "Ahead of Tyco’s 4Q11 earnings report on 11/16, we are publishing quarterly estimates for FY12. Our FY12 EPS estimate of $3.35 is below consensus of $3.62. Our FY12 estimate includes $50M ($0.09) of restructuring expense. Tyco might choose to back restructuring expense out of its guidance, which would lead to a $0.09 higher guidance number vs. our estimate."

For an analyst ratings summary and ratings history on Tyco International click here. For more ratings news on Tyco International click here.

Shares of Tyco International closed at $46.06 yesterday.

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